CARMEL, Ind., May 5, 2020 /PRNewswire/ -- Today,
Allegion U.S., a leading provider of security products and
solutions, revealed the results of a national survey that provides
insight into millennials' preferences for multifamily living and
how they prioritize safety and security. The survey, "Home Safe
Home: How Millennial Preferences Are Redefining Multifamily
Living," highlights millennials' habits, behaviors and tendencies
when it comes to their living situation and expectations for the
future, and evaluates their sense of security at home.
The survey indicated that almost three-quarters of millennials
have long-term plans to live in an apartment building, and that
safety and security are top priorities. However, only 26 percent
feel secure in their current dwellings, and very few (less than 10
percent) have electronic door locks. Fifty-two percent would prefer
to access their home using tech-based entry methods including a
smartphone, pin code, biometric solution, key fob or card
credential.
"Property managers and developers can benefit from looking to
new, innovative means of access control to keep pace with
tech-savvy Millennials," said Robert
Gaulden, director of multifamily channel strategy at
Allegion U.S. "The survey reinforces the value of mobile-enabled
systems—not only do they bring building residents, service staff
and guests convenient all-in-one mobile access control, but they
can also simplify and streamline scheduling maintenance requests,
managing packages, visitor management and more."
Multifamily Matters—When looking at millennials' current
and future planned living accommodations, respondents indicated
that multifamily living will be a mainstay:
- 72 percent of millennials currently live in an apartment
building.
- 75 percent plan to stay in their current residence six months
or longer.
Sense of Safety—The majority of millennials do not feel
secure in their home nor have the technology installed that they
need to feel safe, according to the survey. As many Americans
respect stay-at-home orders and/or opt to shelter in place during
these unprecedented times, these two data points are especially
relevant:
- 74 percent of millennials don't feel secure in their home.
- Few have connected electronic door locks (9 percent).
Delivery Dilemmas—The use of delivery services is
significant amongst millennials, but those surveyed indicated they
are not immune to package thieves:
- 57 percent of millennials currently use delivery services like
Amazon (mostly for retail and food deliveries).
- Most receive an average of 1-2 packages per week (63
percent).
- 39 percent have had packages stolen from their front door
sometime in the past.
Seamless Security—The on-demand millennial generation
values seamless convenience and integrated solutions for home
security:
- A residential portal app to pay rent, submit maintenance
requests, etc. is of the greatest interest for a future residence
when it comes to amenities (56 percent).
- 3 in 5 respondents would be more likely to live in a place that
offered mobile access control.
- 52 percent prefer to access their home using alternative entry
methods (pin code, smartphone, biometric, key fob or card
credential).
- 58 percent are comfortable and have given out 1-2 keys or
access codes to family or friends.
Property managers, security integrators and developers can help
increase multifamily security by incorporating electronic access
control. Beyond secure access, these solutions also allow for
streamlined visitor management, package delivery and concierge
services.
Allegion works with property managers and integrators to provide
secure, flexible multifamily offerings that attract today's
millennial renters. For more information, please visit
http://multifamily.allegion.com.
Data Source: Schlage Lock Co., LLC. Survey of 1,002 adults (aged
23-39), randomized blind survey, November
2019.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access,
with leading brands like CISA®, Interflex®,
LCN®, Schlage®, SimonsVoss® and
Von Duprin®. Focusing on security around the door
and adjacent areas, Allegion secures people and assets with a range
of solutions for homes, businesses, schools and
institutions. Allegion had $2.9
billion in revenue in 2019 and sells products in almost 130
countries.
For more, visit www.allegion.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/new-allegion-survey-finds-majority-of-millennials-have-their-sights-set-on-multifamily-living-though-security-still-a-top-priority-301052761.html
SOURCE Allegion US